Smytten, online platform for consumer product discovery and trials, has raised $6 million in Series A funding led by Fireside Ventures.
Private Equity & IPO
Private Equity and Venture Capital Advisory and advisory on Initial public offers(IPOs) for Corporates, entrepreneurs and investors.
Transaction: Quest Global, a product engineering and lifecycle services company, announced that Chrys Capital, True North Managers LLP, and other institutional investors have purchased minority stake in the company for approximately US $150 million. Quest Global:...
Domestic economic activity has started normalizing with the receding second wave of Covid-19 and the phased reopening of economy.
Postman, a Saas Startup, has raised $225 million in a funding round led by Insight Partners (existing investor) at a valuation of US $5.6 Billion.
Core Industries posted modest growth in June with the tapering of the Covid-19 wave. GST numbers of
July are also robust. However, inflation has remained above benchmark for consecutive second month. Stock markets stayed bullish and Realty sector saw a 10-year high in the month of July 2021.
The Flipkart Group, India’s homegrown consumer internet ecosystem, announced that it has raised US $3.6 billion in funding. The investment values the Group at US $37.6 billion post-money.
Our published article in CAA Journal. Business activity has started rebounding after the 2nd Covid wave and markets are bullish. There is a note on 30 years of economic reforms of India led by Narasimha Rao and Manmohan Singh.
Government has come up with 2nd relief package of Rs. 6.29 Crore for sectors hit by 2nd Covid wave. Package includes Rs. 23,200 crore to strengthen health infrastructure. Allocation to credit guarantee scheme has been increased to Rs. 4.5 lakh Crore from Rs. 3 lakh Crore.
KKR, a global investment firm, and Vini Cosmetics, a branded personal care and beauty products company in India, announced that Company’s Founder Group – led by Darshan Patel, Chairman & Joint-Managing Director, and Dipam Patel, Joint-Managing Director – and Sequoia Capital will sell a majority stake in the Company to KKR for approximately US$625 million (INR 46 billion).
Indian Economy’s recovery pace moderated in April on account of 2nd Covid 19 wave with record infections. Markets remained stable in this month but two IPOs were listed at discount.